Statement from Bart Demosky, Executive Vice President and CFO, Bombardier, on Moody’s Ratings Upgrade to B2
MONTRÉAL, April 05, 2023 (GLOBE NEWSWIRE) — All of us at Bombardier are very pleased with Moody’s rating increase, announced yesterday. It represents another affirmation of the meaningful progress we have made so far, particularly on debt reduction, earnings, and positive free cash flow generation, and is in line with the updated 2025 objectives we […]
Bombardier Updates 2025 Strategic Objectives to Reflect Strong Performance and Solid Business Fundamentals
MONTRÉAL, March 23, 2023 (GLOBE NEWSWIRE) — Bombardier (BBD-B.TO) will host its 2023 Investor Day this morning. Éric Martel, Bombardier’s President and CEO, along with Paul Sislian, Executive Vice President, Aftermarket Services & Strategy, and Bart Demosky, Executive Vice President and Chief Financial Officer, will present an overview of the company’s solid progress made and […]
Bombardier Expands Worldwide Footprint with Grand Opening of New Service Centre in Australia
MELBOURNE, Australia, Sept. 27, 2022 (GLOBE NEWSWIRE) — Bombardier today announced the grand opening of its new Melbourne Service Centre at Essendon Fields Airport in Melbourne, Australia. The new facility is a testament to Bombardier’s commitment to the Australian market and establishes a key building block in its growing global customer support network. At full capacity, the […]
Greater Toronto Airports Authority and Bombardier provide update on new Global Manufacturing Centre at Toronto Pearson
Event at Toronto Pearson highlights how partnership and innovation will support the regional economy through job creation TORONTO, Nov. 2, 2021 /CNW/ – At an event earlier today at Toronto Pearson, Bombardier provided a preview of the construction of its new, state-of-the-art manufacturing centre at Toronto Pearson International Airport where final assembly of its family of Global business jets, including […]
Production of De Havilland turboprops key to negotiations as strike deadline nears
From City News 1130 – link to source story BY ROSS MAROWITS, THE CANADIAN PRESS | Jul 25, 2021 The exterior of the Bombardier Global 7500 jetline is photographed during a press conference event in Mississauga on Wednesday, December 4, 2019. THE CANADIAN PRESS/ Tijana Martin The union representing Bombardier and De Havilland aerospace workers in […]
Bombardier Announces Leadership Appointments at Biggin Hill Service Centre as Facility Expansion Continues
Greg Hoggett is appointed General Manager of the Biggin Hill Service Centre Corey Trudgen to support the expansion project as well as other growth opportunities of Bombardier’s worldwide services network Expansion of the facility is on track and expected to be operational in 2022 MONTREAL, Oct. 19, 2020 (GLOBE NEWSWIRE) — Bombardier Aviation announced today key leadership appointments at its Biggin Hill service […]
Bombardier Announces Leadership Appointments at Two U.S. Service Centers as Facilities Reach Key Milestones
Marc Beaudette transitions to lead the Fort Lauderdale Service Center Bombardier taps Michel Menard as General Manager in Tucson In last two years, Fort Lauderdale service center has completed more than 160 modifications; Tucson facility has accomplished more than 135 major inspections MONTREAL, Sept. 08, 2020 (GLOBE NEWSWIRE) — Bombardier Aviation announced today key leadership […]
Bombardier Reports Second Quarter 2020 Financial Results, Progress on Near-Term Priorities
Pro-forma(1) liquidity(2) of approximately $3.5 billion, including approximately $1.7 billion of consolidated cash on hand, $738 million of available revolver capacity at Transportation as of June 30, 2020, and up to $1.0 billion of new liquidity from recently announced senior secured credit facility Free cash flow usage(3) and cash flow usage from operating activities better than expected at […]
Bombardier Announces New Service Center Appointment in Dallas
From Bombardier Business Aircraft MONTREAL, July 08, 2020 (GLOBE NEWSWIRE) — Bombardier Aviation announced today the recent appointment of Marc Rivest as General Manager of its award-winning Service Center in Dallas. A dedicated member of the Bombardier Aviation Customer Experience team for more than two decades, Marc has honed his leadership experience by holding multiple […]
Bombardier Concludes Sale of the CRJ Series Regional Jet Program to Mitsubishi Heavy Industries
From Bombardier Inc. All amounts in this press release are in U.S. dollars unless otherwise indicated. MONTREAL, June 01, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) for a cash consideration of approximately $550 […]